Wow, you haven't provided quite enough to analyze this so I'm making assumptions.If you think this house is a solid comp, now you have an ARV.Zillow thinks that house would rent for $1,600If you could buy that house for $115 and it needs $45K in rehab, a hard money lender would probably lend you up to $175K which means, you could buy this house for nearly $0 out of pocket after closing costs and holding costs, assuming you have a good, ethical GC that can do this repair for you.I don't have full information, but it looks like your total loan payment (PITI) would be around $1,300 per month. 

Keep in mind, that all the rentals you keep will over time (shorter time than you would like) will have added expenses out of pocket...big ones. 

Your question should be CAN YOU TURN IT AROUND?

Did you find multi-tenant flexibility worked better than one larger user, or the other way around?

Builders are basically giving homes away through all different types of incentives.

Hoping to get feedback from folks who know the Dallas market well.Situation & Goals:Family: Me, wife, and 3 elementary aged kidsWork Location: Irving/Coppell area — prefer to stay within ~30 min commuteStrategy: Buy a property to live in for 1–2 years, then rent it out and repeat the processNumbers:OK if property just breaks even once we move out (cash flow neutral)Strong home appreciation is more important than short-term cash flowFeatures I’m targeting:Good school districts (important for both family and long-term demand)House hack potential — ADUs, in-law suites, small multifamily, rentable layouts, or something that transitions smoothly to a rental after we move outAsk:Which neighborhoods or school districts in/around Dallas should I be looking at that balance family needs + investment upside, all while keeping commute reasonable?

If it is, work all you can to find a way out of it so you can start being profitable. 

Once you get your head wrapped around the concept of what you are doing, instead of viewing QuickBooks as the dastardly accounting software program where you need to be an accounting guru, you will become more relaxed.  

I wish you all the best.

If all you have is, "I'm a lender, let's have coffee," or "PM me" or "Let's network," you added nothing that tells me you know what your doing.